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Curcumin Market Overview, Industry Top Manufactures, Size, Growth Analysis & Forecast: 2024

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MarketStudyReport.com offers 2017 report on global Curcumin market that evaluates industry growth trends through historical data and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2017-2024.

Curcumin Market will exceed USD 100 million by 2024; according to a new research report.

Growing demand for sustainable cosmetic products will drive curcumin market growth. Increased product usage in treatment of several skin diseases owing to its prevention from ultraviolet (UV) radiation properties has enhanced product penetration. Offering antioxidants to skin that provides protection from harmful sunrays will increase demand in creams and lotions. For instance, every year around 5.4 million cases of the nonmelanoma skin cancer disease id treated in the U.S.

Changing income trends and increasing consumer spending on organic cosmetics has stimulated curcumin demand. Global cosmetics industry spending was over USD 290 billion in 2016. Skin conscious & well-informed customers are preferring personal care products that are free from the synthetic & harmful products and are manufactured from the herbal & ayurvedic products and do not harm skin.

Potential application in treatment of uterine, renal, prostate, pancreatic, ovarian, oral, lung, live, breast, brain and bladder cancers is projected to provide lucrative opportunity for the curcumin market growth. The product is used in combination with other agents to treat cancer and numerous other diseases. However, limited therapeutic potential owing to its limited bio availability may hamper the product demand in the forecast time.

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Cosmetics will be valued at over 5 million by 2024. The skin care industry is expected to benefit from consumer preference to avoid chemicals ingredients derived from synthetic sources. Emerging economies including India and China have seen a tremendous growth of such products in the past few years owing to growing awareness about the ill effects of synthetically derived products and rise in living standard.

North America curcumin market will grow over 11.5% up to 2024. The industry growth is mainly driven by rise in aging population and presence of several cosmetic international brands in the region. The product is a well-recognized ingredient for pharmaceuticals for its high quality medical and herbal properties in the region.

Asia Pacific market generated more than USD 5 million in 2016. Increased research & development activities owing to rising applications of curcumin in the treatment of cancer acts as a key driving factor for curcumin market growth in Europe. Additionally, manufacturers are mainly concentrated in India owing to the high content of the product in the Indian turmeric products.

Global industry is fragmented with presence of numerous international and local industry players. Some of major players include Synthite Industries, Biomax Lifesciences, and Hindustan Mint and Agro Products.

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Table of Content:

Chapter 1. Methodology & Scope

1.1. Methodology

1.1.1.  Initial data exploration

1.1.2.   Statistical model and forecast

1.1.3.   Industry insights and validation

1.1.4.   Definitions & forecast parameters

1.2. Data sources

1.2.1.  Primary

1.2.2.   Secondary

Chapter 2. Executive Summary

2.1. Curcumin industry 360 degree synopsis, 2013 -2024

2.1.1.  Business trends

2.1.2.   Aplication trends

2.1.3.   Regional trends

Chapter 3. Curcumin Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2013 – 2024

3.3. Industry ecosystem analysis

3.3.1.   Raw materials

3.3.2.   Manufacturers

3.3.3.   Applications

3.3.4.   Profit margin trend

3.3.5.   Distribution channel analysis

3.3.6.   Vendor matrix

3.4. Global turmeric market scenario

3.5. Industry impact forces

3.5.1.  Growth drivers

3.5.1.1.   Increasing application scope in cosmetic and pharmaceutical industry

3.5.1.2.   Rise in consumer consciousness regarding health benefits of curcumin

3.5.1.3.   Clinical utility of curcumin extract

3.5.1.4.   Increasing product penetration in European Market

3.5.2.  Industry pitfall & challenges

3.5.2.1.   Uncertanity in raw material supply

3.6. Growth potential analysis

3.7. Pricing analysis

3.8. Regulatory landscape

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Global Non-Protein Nitrogen in Feed Market Report Till 2024

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The newly released research at Market Study Report titled “2017-2024 Global Non-Protein Nitrogen in Feed Market Report” provides data, information, brief analysis, company profiles, statistics for past years and forecasts for next few years.

Non-Protein Nitrogen (NPN) in Feed Market size will exceed USD 1 billion by 2024; according to a new research report.

Positive applications outlook in fodder industry owing to easy availability and cost effectiveness of forage sources will drive non-protein nitrogen in feed market. Increasing meat and dairy products demand will positively influence market penetration.

As per FAO, in developing geographies, consumption of meat is growing at over 5% annually, and milk & dairy products increasing over 3.5% in past few years. Upsurge in cattle population, R&D in animal fodder ingredients along with cost effective digestive formulas will triggering the industry growth.

Improved processing in major fodder additives including vitamins, emulsifiers, and enzymes are among the key factors driving product demand. Rising preference to maintain animal health increased expenditure on fodder with appropriate protein content has positively enhanced non-protein nitrogen in feed industry demand.

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APAC was valued over USD 400 million in 2016.  Acceptance of urea in fodder specifically for ruminants is growing in India, China, and Japan. The regional market is growing due to investments from numerous multinational producers and upsurge in awareness regarding usage of forage, especially in countries including China and India.

North America non-protein nitrogen in feed market is set to observe more than 3.5% CAGR through to 2024. Key factors driving the regional industry growth includes increasing consumer demand for high protein meat and dairy along with presence multiple sales platform has maximized market growth in the region.

Global industry share is consolidated owing to presence few international players in the market. Some of the key players include Archer Daniels Midland Company, Potash Corporation of Saskatchewan, Yara International ASA, Quality Liquid, Borealis, and Incitec Pivot. Augmented focus on product innovation and research & development is the key factor for the industry’s success.

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Table of Content:

Chapter 1.   Methodology and Scope

1.1.  Methodology

1.1.1. Initial data exploration

1.1.2. Statistical model and forecast

1.1.3. Industry insights and validation

1.1.4. Definitions & forecast parameters

1.2.  Data sources

1.2.1. Primary

1.2.2. Secondary

Chapter 2.   Executive Summary

2.1.  Non-protein nitrogen in feed industry 3600 synopsis, 2013 – 2024

2.1.1. Business trends

2.1.2. Product trends

2.1.3. Form trends

2.1.4. Livestock

2.1.5. Regional trends

Chapter 3.   Non-Protein Nitrogen in Feed Industry Insights

3.1.  Industry segmentation

3.2.  Industry landscape, 2013 – 2024

3.3.  Industry ecosystem analysis

3.3.1. Distribution channel analysis

3.3.2. Profit margin trends

3.3.3. Vendor matrix

3.3.3.1.    Role

3.3.3.2.    Product portfolio

3.3.3.3.    Global presence

3.4.  Technology landscap

3.5.  Raw material trends

3.6.  Industry best practices & key buying criteria

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Edible Insects Market Trends Global Industry Analysis, Top Manufacturers, Share, Growth, Statistics, Opportunities & Forecast to 2024

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The 2018-2024 report on Global Edible Insects market explores the essential factors of Edible Insects industry covering current scenario, market demand information, coverage of active companies and segmentation forecasts.

Increasing consumption of bugs in both human and animal diet may witness significant growth in global edible insects Market. Growing consciousness related to various health concerns and change in consumption pattern for protein rich diets may drive the Market. Edible insects are source of fat which plays a vital role in plant ecosystem and also mitigates cardiovascular disease risks, thus driving industry growth. Edible Insects Market may surpass USD 710 million by 2024; according to a new research report.

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Skilled labors and knowledge pertaining to breeding of insects may enhance the production cost, thus impacting edible insects market price trend. The products should be cultivated properly to achieve better results and health benefits. Regulatory authorities such as FDA has confirmed edible bugs consumption as harmless and act as accepted protein source for both human and animals. Out of 2,000 species which are cultivated 90 are added in food supplements in the U.S. and are accepted as sustainable food source.

Grasshoppers, locusts & crickets based edible insects Market may witness significant growth and may surpass USD 150 million by 2024. Grasshoppers are rich in vitamin & protein, which are consumed as snacks products and used as alternate protein source in poultry, resulting into increased product demand. Cricket powder are utilized in farming techniques as they are cost efficient, requires low maintenance and are hazard free, thus stimulating industry growth.

Edible insects from bars application may surpass USD 150 million by the end of predictable timeframe. Grasshopper and crickets are used as snack bars owing to its rich protein and amino acid content. Increasing consumption of bars by sports person and athletes owing to gluten free content will drive the market demand.

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Asia Pacific, led by Vietnam, China, and Thailand edible insects Market for flour applications should witness gains at above 43.5% by 2024. Insect farming has grown into a substantial business activity in Thailand owing to its favourable market demand. Grasshoppers and cricket flours are used in dietary products and are precooked by street salesperson. In China bugs like beetles, ants and grasshoppers are used in medical applications and for raising as pets, thus driving market demand.

Europe edible insects Market led by, Netherlands, France and UK may exceed USD 60 million by the end of foreseeable timeframe. According to EFSA, these insects can be used in farming techniques and do not pose any biological hazard. Manufacturing companies in Netherlands uses mealworms, beetles and locust for processing snack bars which are rich source of vitamins and proteins.

Global edible insects market share is highly fragmented and competitive with key players including HaoCheng Mealworms, Agriprotein Technologies, Kreca, Chapul LLC, Six foods, Insectitos and Nutribug Ltd.  Companies are investing in R&D and new product development to expand their market demand.

Selected Chapters and their sections from the report are listed below:

Chapter 1   Methodology & Scope

1.1   Methodology

1.2   Market definitions

1.3   Market estimation & forecast parameters

1.4   Data Sources

1.4.1   Primary

1.4.2   Secondary

1.4.2.1   Paid Sources

1.4.2.2   Public Sources

 Chapter 2   Executive Summary

2.1   Edible insects industry 360 degree synopsis, 2018 – 2024

2.1.1   Business trends

2.1.2   Regional trends

2.1.3   Product trends

2.1.4   Application trends

 Chapter 3    Edible Insects Industry Insights

3.1   Industry segmentation

3.2   Industry landscape, 2013-2024

3.3   Industry ecosystem analysis

3.3.1   Distribution channel analysis

3.3.1.1.1   Collaboration/Partnership

3.3.1.1.2   E-commerce (Online)

3.3.1.1.3   Retailers

3.3.1.1.4   Direct

3.3.1.1.5   Street vendor and local shops

3.3.2   Vendor matrix

3.4   Innovation & sustainability

3.5   Regulatory framework

3.5.1   European Food Safety Agency (EFSA)

3.5.2   EU

3.5.3   Codex Alimentarius

3.5.4   Federal Food, Drug, and Cosmetic Act (FFDCA)

3.5.5   Health Canada

3.5.6   French Federation of Producers, Importers and Distributors of Insects (FFPIDI)

3.6   Industry impact forces

3.6.1   Growth Drivers

3.6.1.1   Asia Pacific: Growing demand owing to high nutritional value and application in functional foods

3.6.1.2   Europe: Rising adoption of edible insects in food application as protein supplement

3.6.1.3   Low environmental impact

3.6.1.4   Low cost of raw materials and transportation

3.6.2   Industry pitfalls & challenges

3.6.2.1   Limited technology and lack of knowledge

3.6.2.2   Lack of regulatory clarity

3.7   Growth potential analysis, 2017

3.7.1.1   Addressable market potential

3.7.1.2   Aquaculture industry

3.7.1.3   Poultry industry

3.8   Porter’s analysis

3.9   Competitive landscape, 2017

3.10   PESTEL analysis

Related Reports: –

2018 Global Edible Insects Industry Report – History, Present and Future

The global market size of Edible Insects is $XX million in 2017 with XX CAGR from 2013 to 2017, and it is expected to reach $XX million by the end of 2023 with a CAGR of XX% from 2018 to 2023.

https://www.marketstudyreport.com/reports/2018-global-edible-insects-industry-report-history-present-and-future

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Food Protein Ingredient Market Product Type, Top Manufacturers, By End-User Industry, Geography Trends & Forecast 2024

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The Food Protein Ingredient market dynamics, forces, companies and trends have been determined after conducting a detailed study of the industry for this newly released research report now available with Market Study Report.

Food Protein Ingredients market should surpass USD 29 Billion by 2024; according to a new research report. Shift in consumer preference towards dietary supplements pertaining to its health benefits with growing application outlook in food & beverage industry should drive food protein ingredients market. Consumer inclination towards plant-based proteins due to its functional & nutritional benefits including lowering blood pressure and reducing risk for heart disease and cancer should bolster product demand.

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Rising demand for soy and milk protein in fortified food industry during forecast period should drive industry growth. Whey protein offer protection against cancer, reducing stress and improving immune system along with fat loss and mass gain. Technological advancements in whey priotein production to increase concentration levels and developing feasibility testing programs should propel product demand.

Food protein ingredients industry from sports nutrition should witness gains at over 7% during projected period. Protein being a vital ingredient for basic biological function of human body along with muscle building and offering post workout performance should bolster product demand. Rice protein demand in sports nutrition is high owing to its amino acid profile along with high concentration of glutamine and arginine.

North America food protein ingredients industry should grow significantly at a rate of over 6% by 2024. This growth in demand can be ascribed to consumer inclination towards consuming healthy foods. Rise in disposable income among consumer class and unique marketing strategy adopted by manufacturing companies to expand its product marketing should drive industry growth.

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Animal based food protein ingredients market should surpass USD 22 billion by 2024. This rise in demand for products can be attributed to growing need for protein and amino acid in people?s daily diet. Global population is estimated to increase by one third by 2050, demanding increase in production of food by 70%. Technological improvements in rendering technology and hydrolysis should also bolster industry growth.

Germany food protein ingredients industry should surpass USD 2 billion by 2024. Growing demand for plant-based protein owing its associated health benefits and rising vegan population should bolster industry growth. Gender equality spreading through society makes women resume professional career after childbirth creating a need for to consume protein-based food driving product demand.

Global food protein ingredients market share is moderately fragmented with key industry participants including DuPont, ADM, Cargill, Bunge and Fonterra. These companies focus on expanding production capacity and regional presence of product penetration through strategies like mergers & acquisition, partnerships and joint ventures. Companies also heavily invest in R&D to develop diversified product portfolio with wider application scope.

Table of Contents 

Chapter 2   Executive Summary

2.1.1    Business trends

2.1.2    Regional trends

2.1.3    Product trends

2.1.4    Application trends

Chapter 3   Protein Ingredients Industry Insights

3.1   Industry segmentation

3.2   Industry landscape, 2013 – 2024

3.3   Industry ecosystem analysis

3.3.1    Vendor matrix

3.3.2    Distribution channel analysis

3.3.2.1    Strategic Alliance

3.3.2.2    Collaboration

3.3.2.3    Distributors

3.3.2.4    Technology Providers

3.4   Technology landscape

3.5   Raw material trends

3.5.1    Pea

3.5.2    Whey

3.5.3    Milk

3.5.4    Wheat

3.5.5    Egg

3.5.6    Canola

3.6   Regulatory landscape

3.6.1    North America

3.6.1.1    FDA

3.6.2    Europe

3.6.2.1    EFSA

3.6.3    Animal protein ingredients

3.6.4    China

3.6.4.1    USCHPA

3.6.4.2    China Food Safety National Standard

3.7   Regional pricing analysis

3.8   Cost structure analysis

3.9   Industry impact forces

3.9.1    Growth drivers

3.9.1.1    Asia Pacific: Increasing usage in dietary supplement application for nutraceutical industry

3.9.1.2    North America: Rapid technology innovations and rising demand for plant-based food protein ingredients

3.9.1.3    Europe: Growing demand for infant foods

3.9.2    Industry pitfalls & challenges

3.9.2.1    Growing threat from soy-based products

3.10   Innovation and sustainability

3.11   Growth potential analysis, 2016

3.11.1    Emerging business model

3.11.1.1    Collaboration/Joint ventures

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Wheat Protein Market Set to Register 4% CAGR During 2017-2024

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The report is a comprehensive exploration of Global Wheat Protein market offering growth rates, size of the industry, competitive landscape information, factors to the contributing growth of the global Wheat Protein market and more.

Increasing consumer consciousness towards plant-based nutrition diet along with a growing vegan population in emerging economies will drive wheat protein market. Factors such as aging population, rising income level and increased urbanization likely to propel product penetration rate. The rising prevalence of deficiencies in low income countries owing to limited access to high nutrition diets such as meat, fish, fruit and vegetables will further boost product market.

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Positive application outlook as animal feed and growing awareness regarding livestock health is anticipated to propel product demand as animal feed. Easy availability and cost effectiveness will positively influence market penetration. Fluctuations in commodity pricing, including corn and barley likely to support product application scope. Key benefits such as high nutritional value, low fiber content, and a better TDN value compared to counterparts, including corn and barley driving wheat protein market share.

Dry form is anticipated to register a CAGR over 3.5% up to 2024. High water solubility and excellent amino acid profile are the major features supporting dry form demand. Key aspects such as bulk purchasing, easy processing and handling techniques are likely to support segment growth. In addition, low labor cost for manufacturing and ease of application among consumers propelling wheat protein market growth.

North America wheat protein market is projected to surpass 300 kilotons by 2024. Increasing health conscious consumer base and growing vegan population in the region likely to enhance industry. In addition, a surge in demand for cosmetics, nutrition supplements and personal care products owing to rising disposable income will propel regional market share over the forecast period.

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Asia Pacific demand estimated to hold around 20% industry share in 2016. Increasing bakery and confectionery consumption owing to rising population will propel product demand. Favorable socioeconomic factors owing to diversified taste and preference will provide a strong business outlook for manufacturing. Expansion of cosmetics and healthcare sectors in China, Japan, India and South Korea is expected to drive industry expansion.

Global wheat protein market share is highly competitive and concentrated in nature owing to the presence of large manufacturers accounting for a major industry share. Archer Daniels Midland, AB Amilina, Agridient, MGP Ingredients, Manildra Group, Cargill Inc., Crop Energies AG, Crespel & Deiters GmbH and Co. KG, Kroener Staerke are key industry participants.

Table of Contents 

Chapter 2. Executive Summary

2.1. Wheat protein industry 360 degree synopsis, 2013 -2024

2.1.1. Business trends

2.1.2. Product trends

2.1.3. Application trends

2.1.4. Form trends

2.1.5. Concentration trends

2.1.6. Regional trends

Chapter 3. Wheat Protein Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2013 – 2024

3.3. Industry ecosystem analysis

3.3.1. Distribution channel analysis

3.3.2. Profit margin trends

3.3.3. Vendor matrix

3.3.3.1. Role

3.3.3.2. Product portfolio

3.3.3.3. Global presence

3.4. Technology landscape

3.4.1. Production process

3.4.2. Key patents

3.5. Consumer buying behavior

3.5.1. Unmet needs

3.5.2. Social & cultural impact forces

3.5.3. Information search

3.5.4. Evaluation of alternatives

3.5.5. Purchase decision

3.5.6. Post purchase behavior

3.6. Global wheat industry scenario

3.6.1. Key exporting countries

3.6.2. Key importing countries

3.7. Regulatory landscape

3.7.1.1. North America

3.7.1.2. Europe

3.7.1.3. Asia Pacific

3.7.1.4. Latin America

3.7.1.5. MEA

3.8. Pricing analysis

3.8.1. Regional pricing

3.8.1.1. North America

3.8.1.2. Europe

3.8.1.3. Asia Pacific

3.8.1.4. Latin America

3.8.1.5. MEA

3.8.2. Cost structure analysis

3.9. Industry impact forces

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Food Enzymes Market Trends Global Industry Analysis, Top Manufacturers, Share, Growth, Statistics, Opportunities & Forecast to 2024

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This Global Food Enzymes market report studies the industry based on one or more segments covering key players, types, applications, products, technology, end-users, and regions for historical data as well as provides forecasts for next few years.

Changing consumer preference towards nutritional diet along with expanding food & beverage sector will drive food enzymes market. Factors such as improved and quick processing, advancement in biotechnology and ability for modification on large scale likely to propel product penetration rate. Rising concern towards environment-friendly manufacturing process in the food & beverage sector is further influencing the product application scope.

Request a sample of this premium report at https://www.marketstudyreport.com/request-a-sample/1002544/                                                                                                                                                                   Stringent government regulations regarding consumer safety are expected to propel demand for bio-based materials and limit the application of harmful chemicals. Rising awareness regarding product benefits along with high acceptance from various applications such as dairy, beverages, confectionary, and processed items will majorly support food enzymes market expansion. Growing convenience food consumption in India, China, Brazil and Mexico owing to increasing disposable income will support product demand.

Strong application outlook as biocatalysts to increase the production rate, highly required for alcoholic and non-alcoholic beverages will augment product demand. Globally, rising demand for beverages owing to changing dietary patterns coupled with rising disposable income will create new business opportunities for manufactures. Provision of benefits such as increased processing capacity and economy enhancement in beverage industry will further influence industry.

Lipases demand is expected to witness CAGR over 6.5% up to 2024. Key properties including improved crumb firmness, prolong product shelf life, and the enhanced flavor is expected to drive product demand in the dairy industry. Increasing adoption rate as a substitute and supplement for traditional emulsifier by degradation of wheat lipids will further boost industry.

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Bakery application accounted for over 14 kilotons in 2016.  Rising demand for protein-rich products along with superior elasticity in the dough are the key factors propelling product penetration. Development in the processing including mixing, freezing, retarding, baking procedures owing to need for hydration of the un-soluble biopolymers and increase the endogenous enzymes of flours will augment industry.

North America food enzymes market is projected to hold over 36% market share in 2024.  Rapid development in dairy and bakery industries owing to urbanization and increasing consumer awareness strongly supporting the regional growth. The U.S provides over 300 types of cheese varieties in the international market. In 2016, total cheese production was recorded more than 12.6 billion pounds, over 3% up from 2015.

Global food enzymes market share is consolidated in nature owing to the presence of dominating players including Danisco, Novozymes, AB Enzymes, Chr. Hansen and DSM. Other noticeable players are Enmex, Advanced Enzymes, Lumis Biotech, Aumgene Biosciences, Specialty Enzymes and Biotechnologies, Hayashibara Co., and Thermo Fisher Scientific. Companies are involved in expansion and growth strategies to gain a notable share due to highly competitive market. For instance, in November 2017, Royal DSM formed a joint venture with Amyris, Inc to enhance its production capacity and customer base.

Table of Contents 

Chapter 1 Methodology & Scope

1.1. Methodology

1.1.1. Initial data exploration

1.1.2. Statistical model and forecast

1.1.3. Industry insights and validation

1.1.3. Definitions & forecast parameters

1.2. Data sources

1.2.1. Primary

1.2.2. Secondary

Chapter 2 Executive Summary

2.1. Food enzymes industry 360 degree synopsis, 2013 – 2024

2.1.1. Business trends

2.1.2. Product trends

2.1.3. Application trends

2.1.4. Regional trends

Chapter 3 Food Enzymes Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2013 – 2024

3.3. Industry ecosystem analysis

3.3.1. Distribution channel analysis

3.3.2. Profit margin trends

3.3.3. Vendor matrix

3.4. Industry impact forces

3.4.1. Growth drivers

3.4.1.1. Food & beverages industry expansion

3.4.1.1.1 Growth and development in baking industry

3.4.1.1.2 Increasing baby food demand

3.4.1.1.3 Penetration in brewing industry

3.4.1.1.4 Growing demand from juice and other beverage products

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Astaxanthin Market Set to Register 4.8% CAGR During 2018-2024

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This Global Astaxanthin market report studies the industry based on one or more segments covering key players, types, applications, products, technology, end-users, and regions for historical data as well as provides forecasts for next few years.

Flourishing cosmetics industry along with rising consumer awareness regarding the nutritional benefits of astaxanthin will primarily drive the industry growth over the forecast timeline. Proliferating demand for cosmetics used by geriatric population such as anti-ageing creams and few other supplements will further escalate the revenue generation. The product offers numerous advantages to the consumers including improved brain health and vision, resulting in enhanced sales, strengthening the astaxanthin market penetration.

Request a sample of this premium report at https://www.marketstudyreport.com/request-a-sample/1130958/                                                                                                                                                                    Extensive usage as a prominent ingredient by several spa owners and manufacturers of cosmetic products in their therapies owing to their excellent skin-friendly and anti-oxidant properties will positively impact the astaxanthin market. Moreover, high adoption of the product in animal feed, particularly in aquafeed applications over the past few years has further accelerated its demand. However, probability of product adulteration and high production costs are likely to hinder the astaxanthin market growth over the coming years.

 

Astaxanthin market from animal feed accounted for highest share of over 40% in 2017 and is expected to continue the same over the next seven years. Extensive usage of the product as a prominent ingredient in the applications including livestock and aquaculture will contribute to the revenue generation. Various government initiatives for promotion of aquaculture is likely to further strengthen the astaxanthin market penetration. Dietary supplements will witness over 4% CAGR owing to proliferating demand for naturally sourced products. Moreover, easy availability along with cost-effectiveness will further drive the segment?s growth till 2024. Rapid pain relieving, and cardiovascular benefits are other factors positively impacting the industry.

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Synthetic source will showcase dominance in the astaxanthin market with more than 55% volume share by 2024. It is highly suitable for animal feed applications, primarily contributing towards the revenue generation. Its cost-effectiveness and high implementation in aquaculture to provide pigmentation to fishes will further strengthen the product penetration. Astaxanthin market from natural source is anticipated to grow rapidly from 2018 to 2024 owing to high consumer preference towards environmentally friendly and sustainable products. Moreover, the product offers various advantages such as health benefits for human beings as well as enhanced pigmentation in animal feed applications.

Astaxanthin market from Asia Pacific dominated the overall demand, crossing 150 tons consumption by 2024. The region witnesses high population with nutritional deficiency, that results in strong product demand. Presence of established industry participants such as BGG in the region will further contribute towards the revenue generation. North America will witness approximately 3.5% CAGR from 2018 to 2024, essentially due to rising awareness about the benefits of its consumption in multiple application. Presence of various organizations such as Natural Algae Astaxanthin Association to promote its usage will further support the regional growth.

INNOBIO Ltd., Fuji Chemical Company, Cardax, BGG, Nippon Oil & Energy Corporation, and BASF are among the noticeable players in astaxanthin market. Competitors are putting efforts on expanding their business to enhance their customer base. For instance, in March 2016, BGG made an announcement of creation of its subsidiary, Algae Life Sciences, for its production for obtaining an organic product certification. Divis Nutraceuticals, Contract Biotics, Otsuka Pharmaceutical Co. Ltd., Algatech, and Mera Pharmaceuticals are among other notable players. 

Table of Contents

Chapter 1 Methodology & Scope

Chapter 2 Executive Summary

Chapter 3. Astaxanthin Industry Insights

Chapter 4. Astaxanthin Market, By Application

Chapter 5. Astaxanthin Market, By Source 

Chapter 6. Astaxanthin Market, By Region

Chapter 7    Company Profiles

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